Summary
The Forest 500 annual report for 2024 is an analysis of the progress made by companies and financial institutions to combat deforestation. The report seeks to evaluate the commitments made by 500 organisations around the world and their efforts towards ending deforestation. The report establishes a methodology to assess the commitments and actions of these entities, and a score is assigned based on the progress made towards deforestation-free supply chains. The results of the report indicate that almost a quarter (23%) of the companies and financial institutions that have been in the Forest 500 for the past 10 years are still yet to publish a single deforestation commitment or policy, despite numerous engagement attempts from Forest 500. The report also stresses that the next five years are crucial for progress if we want to avoid catastrophic consequences.